New York Assembly Bill 6670 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on March 11 2009 - 25% progression, died in committee
Action: 2010-01-06 - referred to housing
Pending: Assembly Housing Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to stem the rising tide of foreclosures related to the subprime lending crisis by providing temporary financial assistance to homeowners with subprime or unconventional mortgages facing foreclosure.

Enacts the "foreclosure prevention act of 2009"; establishes that before any mortgagee may accelerate the maturity of any eligible mortgage obligation, commence any legal action including mortgage foreclosure, or take possession of any security of the mortgage debtor for such mortgage obligation that such mortgagee shall give the mortgagor notice; authorizes the commissioner of the state division of housing and community renewal to enter into contracts with neighborhood preservation companies to provide temporary homeownership assistance activities; gives notice to mortgagors of foreclosure prevention activities and payments; creates the New York state foreclosure prevention fund.

Asm. Karim Camara [D]

Asm. Nelson Castro [D]

Asm. Barbara Clark [D]

Asm. William Scarborough [D]

Date	Chamber	Action
2010-01-06		referred to housing
2009-03-11		referred to housing

S1203 (Same As) 2010-01-06 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A06670&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A06670&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06670